Investment

Question 1

Capital gain (or loss)

Answer 1

the difference between the net sales proceeds of an asset and its adjusted basis

Question 2

Equity

Answer 2

the portion of a property’s value owned by the legal owner, expressed as the difference between the property’s market value and all loan balances outstanding on the property

Question 3

Depreciation schedules/terms

Answer 3

27.5 years to 39 years

Question 4

Adjusted basis

Answer 4

the cost of the investment plus capital improvements less depreciation